Tuesday, December 18, 2007

John Malone Eyes Ticketmaster

John Malone Eyes Ticketmaster: "John Malone Eyes Ticketmaster
Malone's Liberty Media is dropping hints it may focus on the ticketing company as its payoff in Barry Diller's proposed IAC breakup.

If media moguls know one thing about cable billionaire John Malone, it's that he usually gets what he wants. What does Malone want these days? The top executive at Malone's Liberty Media says it could be Ticketmaster, which last year sold a staggering $7.1 billion worth of seats to events.
And Malone may just get it: Ticketmaster is one of several assets that fellow mogul and IAC/InterActiveCorp. (IACI) Chief Executive Barry Diller may be forced to sell to Liberty (LCAPA) to complete the IAC breakup he announced on Nov. 5 (BusinessWeek.com, 11/6/07)."

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